Part of the reason was owing to seasonal maintenance of the refineries, analyst says. Demand for Indian oil expected to pick up during the winter season.
Petrol and diesel rates hiked by another 80 paise per litre each on Saturday. Petrol to now cost Rs 102.61 per litre and diesel to sell for Rs 93.87 per litre.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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